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This commercial investment property is an excellent investment opportunity and would be ideal for a Daycare Center, Grocery Store, Urgent Health Care facility, Church, Mixed Use Retail/Office, or as a satellite office for a business competing for government contracts or grants.
This Two (2) Story Building was recently upgraded, and has over 7,500 square feet of usable multi-purpose space with 6,000 feet on the ground floor, and 1,500 square feet on the second floor.
On the First Floor, the property is presently being leased to a day care operator. Here are some high quality photos of it’s present use (C) David Hoffman. All Rights Reserved.
Front View of 46 Martin Luther King Drive
Security Office – Surveillance Room
Office Area 2
Office Area 1 – 46 Martin Luther King Drive
Floors at 46 Martin Luther King Drive
46 – 48 Martin Luther King Dr, Jersey City, NJ 70305
(WASHINGTON, DC) Getting your business ‘qualified’ to become a ‘Hub Zone’ business is determined by your business location. If you are not presently located in a ‘qualified’ hub zone area, you can obtain Hub Zone Designation by moving to a location that is within a qualified area. If that is not possible, then you can rent, or purchase commercial space inside a qualified area.
The Historically Underutilized Business Zone (HUBZone) Program provides federal contracting opportunities for small business concerns located in economically distressed communities in order to increase employment opportunities, stimulate capital investments in those areas, and empower communities through economic leveraging. HUBZone areas are determined by various census data. To qualify as a HUBZone, a business must meet the following criteria:
It must be a small business by SBA size standards;
Its principal office must be located within a HUBZone, which includes lands on federally recognized Indian reservations;
It must be owned and controlled by one or more U.S. citizens. Approved ownership can also be by a Community Development Corporation or Indian tribe; and
At least 35% of its employees must reside in a HUBZone.
The SBA must certify small businesses that want to claim HUBZone status. HUBZone businesses are eligible to receive sole-source or set-aside contracts, or receive a price preference up to 10% when competing for full and open competition procurements.
Now, you might not think this amounts to much. But, consider that just a 3% contracting set-aside, or sole source contract that you would be entitled to if you are located in a qualified HUBZone, and the contract awards would more that pay for any investment you make in purchasing, renting, or hiring workers located in a HUBZone area.